Global Lab Automation Market 2020 Analysis by Latest COVID19/CORONA Virus Impact with Market Positioning of Key Vendors: Beckman Coulter, Inc., Tecan Trading AG., Perkinelmer, Inc., Danaher, Thermo Fisher Scientific, Inc

Data Bridge Market Research has recently added a concise research on the Global Lab Automation Market- Industry Trends and Forecast to 2026. Global Lab Automation Market research report has been prepared with a nice combination of industry insight, smart solutions, practical solutions and newest technology to give better user experience. Under market segmentation chapter, research and analysis is done based on several market and industry segments such as application, vertical, deployment model, end user, and geography. To perform this market research study, competent and advanced tools and techniques have been utilized that include SWOT analysis and Porter's Five Forces Analysis. Businesses can surely anticipate the reduced risk and failure with the winning Global Lab Automation Market research report.

The reliable Global Lab Automation Market report also explains an in depth description, competitive scenario, wide product portfolio of key vendors and their business strategies with the help of SWOT analysis and porter's five force analysis. The market drivers and restraints have been explained specifically in the report. The statistics are indicated in graphical format in the report for a clear understanding of facts and figures. The report entails a variety of steps for gathering, recording and analysing data. A persuasive Global Lab Automation Market report assesses the potential market for a new product to be introduced in the market.

Global Lab Automation Market is expected to rise from its initial estimated value of USD 5.3 billion in 2018 to an estimated value of USD 8.4 billion by 2026 registering a CAGR of 5.8%. The upcoming market report contains data for historic year 2017, 2016, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

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Market Definition: Global Lab Automation Market

Lab automation is the process in which specimen processing equipment is used in order to perform clinical research. Lab automation process is carried out to develop new technology, increase productivity and reduce the time cycles.

Competitive Analysis: Global Lab Automation Market

The global lab automation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of lab automation market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Market Competitors: Global Lab Automation Market

Some of the major players of the global lab automation market are Beckman Coulter, Inc., Tecan Trading AG., Perkinelmer, Inc., Danaher, Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Qiagen, F. Hoffmann-La Roche Ltd, Siemens AG, Hamilton Company., Abbott, Aurora Biomed Inc,, BD, BioTek Instruments, Inc,, Brooks Automation, Inc., Cerner Corporation, Biomérieux SA, Eppendorf AG, LabVantage Solutions, Inc, LabWare, among others

Market Drivers

Increased adoption of miniaturization process resulting in low reagent cost and high productivity
Increased government funding for the development of biotech and drug discovery research
Increasing drug discovery and clinical diagnostics

Market Restraint

High initial investments
Compatibility and portability issues resulting in reduced adoption of lab automation in small laboratories

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Key Developments in the Market:

In May, 2019, the Labstep announced that they are bringing Internet of Things to lab researchers. This will help to record the data automatically which can be used for further analysis
In May 2019, Beckman Coulter a global leader in clinical diagnostics has achieved European CE Mark and China Food and Drug Administration approval for the DxA 5000 total laboratory automation solution. The DxA 5000 will help to significantly improve laboratory efficiency.

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Customization of the Report:

All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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